S. Kumars Nationwide has informed that the Board of Directors of the Company at their meeting held on July 19, 2014 have considered and approved a Scheme of Arrangement with the Creditors of the Company pursuant to section 391 of the Companies Act, 1956/section 230 of the Companies Act, 2013 (the ?Scheme?) under discussion and subject to the approval of its lenders and other statutory authorities as per the requirement of Law.
The above information is a part of company’s filings submitted to BSE.
